Bonterra Energy Corp T.BNE

Share price and more VPs

[Jnasty2pointO]

How's everyone feeling about the recent share price action and the addition of more VPs? Lol not sure they need them all at this size of a company!

[Jnasty2pointO]

Hate to say I told you so..,

[kavern23]

Going to be nobody posting here soon....problem is the cardy...ie cardium

[Jnasty2pointO]

There whole business was the cardium. Can't switch it over in a second with minimal capital. I'll be here posting and taken shots at the foolish pumpers the whole time. 

[C185pilot]

Whole market down today, not just BNE.  Also own OBE, and it has done  poorly these last few weeks too.   Also VET.   Could be time to average down.  Production is going up, two new areas to drill, debt is going down.  Way better company now than in 2022, when it sold for $12.  I bought more today.  Buy when there is blood in the street. 

[kavern23]

With the lack of buyers out there to buy any for sale stock...doesn't take much selling to drop 5 percent in a day...but with oil likely heading to 65...not to many people are going to buy..sector is only going to get cheaper if you wait. The market is obviously not a fan with amount of debt Bne has compared to cf. under a 1 ratio is way less risky. Going to be hard to find new buyers of this

[TheRexmember]

I don't think there are any underlying issues with the company beyond nat gas prices continuing to suck. Just an over all lack of interest in the sector in general and small caps in particular.  debt is easily manageable at this level -  they published a chart on the presentation that itemizes the debt reduction pretty clearly over the next two years.  the guidance was only

[kavern23]

Rex...Bne net debt was 140m on dec 2023 and 173 at end of q2. Bne would have to fcf 32m in last half of 2024 to even equal dec 2023 debt. The problem is they didn't get any equity and funded whole Charlie lake buy with debt.   Bne though is hard to gauge on what it will trade at due to low amount if shares outstanding. a lot depends on if larger shareholder want to get out or

[TheRexmember]

 I miised a couple dayys so I will be responding in order of the postings. Kav this was Adressed before. Debt numbers are included in guidance. It doesn't mstter that they spent 25 millon on adding land. Wasting share capital on a 25 million dollar deal would have been pointless.